Do I get my Security Deposit back on houses for Rent with the Option to Buy?

Last modified December 4, 2021

Yes, if you move out and you didn't cause any damage, you would get your money back. If you decided to exercise your Option to Buy, you could apply the security deposit towards the closing costs when you finance the property into your name with an FHA or Conventional Mortgage. Remember, you have the option to buy the property at any point or never if you decide you just want to rent the home.